Story Protocol (IP) is a newly launched Crypto AI project that has made waves in the cryptocurrency space with its impressive performance. In the last 24 hours, while large assets such as Bitcoin (BTC) and Ethereum (ETH) have had trouble getting Momentum, IP has risen more than 40%and the Bearish Markt trend drew.
Story Protocol (IP) Current prie -Momentum
With a considerably upward momentum, IP is currently being traded near $ 3.73. In the meantime, traders and investors have demonstrated strong participation, resulting in an increase of 63% in trade volume.
Not only has IP surpassed large assets, but it has also obtained a place under the top 10 crypto AI -Tokens by replacing the virtual protocol (virtually). However, the possible reason for this rally is still unknown, but experts hints that continuous accumulation by whales can be the driving factor.
IP -price promotion and upcoming level
According to technical analysis of experts, IP Bullish looks like the average directional index (ADX) is 61, which indicates a strong bullish momentum. This suggests that the rally can continue until it reaches the $ 4 marking.
In addition to the bullish outlook of the indicators, there is also a possibility that it can actively experience a price correction before it rises considerably. Unlike this, the market sentiment remains very bullish and can actively continue its upward momentum.
$ 4.67 million in IP outflow
Looking at the bullish prospects, investors have collected the token, as reported by the uncleaning analysis company Coinglass.
Data from Spot -entry/outflow shows that exchanges have witnessed an outflow of for a significant $ 4.67 million in IP tokens, which indicates potential accumulation by whales and investors. Such outsourcing of stock exchanges can cause purchasing pressure and stimulate further upward momentum.
In addition to the rising interest rate of long-term holders and whales in the AI-Toks, intraday traders also actively gamble on the active gambling. Data shows that IPs Open Interest (OI) has risen with a record of 52% for the past 24 hours, indicating a significant increase in new open positions.
Credit : coinpedia.org
